AT Think

As companies are evaluating continued operations, balancing profits with acceptable levels of loss, functioning with massively more remote work and trying to make up for economic disruptions, the first thought tends to be “How can we cut costs?”

Members of the American Accounting Association's Financial Reporting Policy Committee denounce provisions in the CARES Act they see as threatening FASB’s independence and setting a dangerous precedent with serious potential to undermine confidence in corporate financial reporting.

Many will reconfigure what they do to the new reality and will make some investments in updating and formalizing some of their Band-Aid processes.

You may find more similarities among your clients than you expect.

The CPA’s first line of defense is to protect e-tailers and brick-and-mortar shops.

A lack of modern lease accounting capabilities makes it difficult for many businesses with large lease portfolios to regain control, improve liquidity and plan for the future.

The Internal Revenue Service guidance caused some consternation among some small businesses and tax experts.

Divorce and COVID-19 each bring various tax considerations.

In this environment where information is fluid and everything is changing on a daily basis, accountants must stay out in front of clients’ needs.

Professional services firms need to adopt a business catalyst mindset to drive value acceleration.